Conversion Price and Adjustments to Conversion Price. (i) The conversion price in effect on any Conversion Date shall be equal to 80% of the average closing price of the Common Stock for the 30 trading days immediately preceding the date Subscriber submits a Conversion Notice to the Company, as adjusted pursuant to the other terms of this Section 3(b) (the “Conversion Price”). Notwithstanding the foregoing, in no event shall the Conversion Price per share be less than $0.005 or more than $0.10.
Appears in 3 contracts
Samples: NuSTATE ENERGY HOLDINGS, INC., NuSTATE ENERGY HOLDINGS, INC., NuSTATE ENERGY HOLDINGS, INC.
Conversion Price and Adjustments to Conversion Price. (i) The conversion price in effect on any Conversion Date shall be equal to 80% of the average closing price of the Common Stock for the 30 trading days immediately preceding the date Subscriber submits a Conversion Notice to the Company, as adjusted pursuant to the other terms of this Section 3(b) (the “Conversion Price”). Notwithstanding the foregoing, in no event shall the Conversion Price per share be less than $0.005 per or more than $0.10.
Appears in 3 contracts
Samples: NuSTATE ENERGY HOLDINGS, INC., NuSTATE ENERGY HOLDINGS, INC., NuSTATE ENERGY HOLDINGS, INC.
Conversion Price and Adjustments to Conversion Price. (i) The conversion price in effect on any Conversion Date shall be equal to 80% of the average closing price of the Common Stock for the 30 trading days immediately preceding preceeding the date Subscriber submits a Conversion Notice to the Company, as adjusted pursuant to the other terms of this Section 3(b) (the “Conversion Price”). Notwithstanding the foregoing, in no event shall the Conversion Price per share be less than $0.005 per or more than $0.10.
Appears in 3 contracts
Samples: NuSTATE ENERGY HOLDINGS, INC., NuSTATE ENERGY HOLDINGS, INC., NuSTATE ENERGY HOLDINGS, INC.
